Oxy Corp. is negotiating with the Wick Construction Co$.$ for the renovation of the Oxy corporate headquarters. Wick, the owner of the Wick Construction Co$.,$ is also one of the five members of Oxy's board of directors. The contract terms are standard for this type of contract. Wick has previously informed two of the other directors of his interest in the construction company. Oxy's board approves the contract by a three$-$to$-$two vote, with Wick voting with the majority. What may be a potential issue with this contract? Explain. Hint $-$ I am looking for a specific concept discussed in this chapter. $($See Directors and Officers.$)$